On 3rd July PFC announced that it was trading well ahead of expectations. Not surprisingly, sp jumped but has now fallen back pretty much to the same level as before the announcement.

While perhaps not as exciting as finding the next Cairn, remember that in the goldrush days, it was rarely the prospectors who made the money, but rather the suppliers of the spades and tents and stuff - e.g. Levis if memory serves me aright.

Absolutely HC.

I have these down as IMS on 15th - so I assume they have brought it forward? (I don't closely follow these).

as i've got this one i fear i shall just have to sit tight

just noticed...........

cynic - 07 Mar 2014 15:56 - 548 of 555
told you all to pay attention!
:-)

pay attention is rising

You forgot to say....... profit warning on the way

another sit tight then will be

damn right i did :-)
were i cassandra, then perhaps i would have foreseen a profit warning coming several months along the way and taken the appropriate action
unfortunately, not even you with all your loudly and self-promoted wisdom and expertise, could let alone did see it coming either :-)


but yes, i shall indeed just sit tight

dam right, I have more wisdom and expertise than some,
but as it happens is not a share I follow to give you the advise you ALWAYS need it seems.

it's a company i have long followed as it's an area in which i have some interest

i have no problem at all in considering or even accepting advice from others, and yes indeed you certainly have expertise in areas where i do not ..... though inevitable that is not infallible as i hope you would at least admit to yourself

The oil services company said 2014 net profit would fall by as much as 11% due to the poor performance of its Integrated Energy Services (IES) unit. Its order backlog had risen to a record $18.6bn in the first quarter from $15bn at the start of the year. Mid-cap power station operator Drax also issued a 2014 profit warning as power prices fell.

Why have power prices fallen, maybe something to do with the warmer weather and less demand for power.... Just a thought, not all anyway..

Another one to dive....unbelievable the number of good firms taking a blow this year...

synposis (please note you guys who seem incapable!) from a longish Lex article in today's FT ......


Steady order intake is needed to head off fears of a third profit warning
even after the latest downgrades, Petrofac looks cheap relative to its high returns on capital.
return on capital (equity plus total debt) was 18 per cent in 2013. Although half of what it was two years ago, it is three times the average of Petrofac’s main competitors.
Petrofac’s price to next year’s estimated earnings per share will probably come to rest well under 10 times, cheaper than all its peers.
The low earnings multiple hints that the market is sceptical of Petrofac’s ability to end the nasty surprises. The company had a well-earned reputation for excellent project execution. What it needs now is some steady order intake in the months ahead to head off fears that old adages are true.

cynic - can you put a chart in the header please.

like that?
can give you larger and also 5 year if you like

200SMA,RSI,MACD,size 900 perhaps?

"skinny - 12 May 2014 07:26 - 563 of 565

cynic - can you put a chart in the header please."

And about bleeding time to as well Alf! Only about 10 years after I asked him and he refused Skinny -):

I think he knows how to now! :-))

It was the RSI that caught my eye last week.

Credit Suisse Neutral 1,210.50 1,177.00 1,600.00 1,500.00 Downgrades

Investec Buy 1,210.50 1,177.00 1,475.00 1,315.00 Reiterates

Citigroup Buy 1,210.50 1,177.00 1,525.00 1,475.00 Reiterates

Deutsche Bank Buy 1,210.50 1,177.00 1,500.00 1,400.00 Reiterates

have just popped a few into my sipp

Contract win... and another massive Director buying spree form our mate Tim -): http://www.moneyam.com/action/nav/news?epic=PFC

Comments please Alf http://www.moneyam.com/action/news/showArticle?id=4834674

Update on Petrofac Strategic Alliance Agreement
Bowleven, the Africa focused oil and gas exploration group traded on AIM, announces that it has reached a mutually acceptable agreement with Petrofac to terminate the Strategic Alliance Agreement. This satisfies one of the conditions of the LUKOIL and NewAge farm-out transaction announced on 24 June 2014. The termination agreement is subject to completion of the farm-out.

Under this arrangement Bowleven will pay $9 million to Petrofac upon completion of the farm-out transaction as full and final settlement and the Strategic Alliance Agreement shall terminate.*

Kevin Hart, Chief Executive of Bowleven plc, said:
"We have worked closely with Petrofac over the last two years and we appreciate their co-operation in reaching a mutually acceptable termination agreement."